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Dec 28, 2012
12/12
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CNBC
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>> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, protected. that's one example of a deal being signed under the wire to get it through? >> exactly. general dynamics got the ch and development money for the ohio class replacement. that's a $1.8 billion contract that will keep them busy for five years, on just the design of that replacement program. >> so in your view, are the stocks reflecting this? we have seen a sharp run-up in the stocks since the end of november, and more broadly, the philadelphia defense index is close to 52-week highs. >> well, i think that's right. i mean, part of it is cheap cost of money elsewhere. i mean, where else to invest in stocks, where your business is backed by the u.s. government, when you have yields that are two and three times what the five-year is trading at today. >> but there must be some sort of impact, howard. i mean, we w
>> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, protected. that's one example of a deal being signed under the wire to get it through? >> exactly. general dynamics got the ch and development money for the ohio class replacement. that's a $1.8 billion...
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Dec 26, 2012
12/12
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CNBC
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where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense, half of that is discretionary. the kick the can mini deal solution that we're talking about would identify some subset of spending cuts that would be the lowest hanging fruit still available that might turn off the sequester, or they could just turn off the trigger all together. the sequester exists because of a law passed by congress, another law passed by congress could change it. >> good to see you, john. thanks for the update. >> mastercard spending pulse saying it's the lowest level of 2008. high end is one of the areas getting hit
where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense,...
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Dec 30, 2012
12/12
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KGO
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this week the pentagon released the names of two service members killed in afghanistan. we also want to honor this sunday the man president george herbert walker bush called a true american patriot and one of the great military leaders of his generation, general norman schwarzkopf, who led u.s. forces to victory in the persian gulf war passed away this week at the age of 78. you can see our interview with norman schwarzkopf from "this week" during the 1991 invasion of iraq on our website at abcnews.com/thisweek. >>> and when we return, how concerned are wall street and the world markets as we count down to the cliff? the answer when this special edition of "this week" returns. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've
this week the pentagon released the names of two service members killed in afghanistan. we also want to honor this sunday the man president george herbert walker bush called a true american patriot and one of the great military leaders of his generation, general norman schwarzkopf, who led u.s. forces to victory in the persian gulf war passed away this week at the age of 78. you can see our interview with norman schwarzkopf from "this week" during the 1991 invasion of iraq on our...
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Dec 23, 2012
12/12
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CNNW
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if the president nominates chuck hagel to be the next pentagon chief, will he be approved in the u.s. senate? >> yes. >> yes. >> okay. unanimity. happy. happy holidays, thank you, all. ron brownstein, susan page, mike duffy. when we return, another kennedy eyes the senate seat in massachusetts. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> before we leave. a check of the headlines. more than 90 people have been killed in an air strike on a bakery in syria's central hama province. the strike hit a town recently seized by rebels in a new push to take territory in hama. rebels have been fighting the government of president assad for 21 months. south korean officials say the rocket launched by north korea earlier this month shows the reclusive nation has developed the technology to fire a warhead capable of reaching th
if the president nominates chuck hagel to be the next pentagon chief, will he be approved in the u.s. senate? >> yes. >> yes. >> okay. unanimity. happy. happy holidays, thank you, all. ron brownstein, susan page, mike duffy. when we return, another kennedy eyes the senate seat in massachusetts. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant....
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Dec 22, 2012
12/12
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KTVU
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the cia, pentagon and senators have all been critical of scene that show hard interrogation techniques of suspected terrorists. they say information gained by torture did not lead to the capture and killing of bin laden. >> it's official now. mickey mouse is darth vader's boss. the deal is done. disney paid $4 billion in cash and stocks for the production company. sky walker sound, special effects company, industrial light and magic as well as video game maker lucas arts. >> anyone who loves to spend time at san francisco -- will want to make a visit. the museum is moving to pier15. the last day is going to be in it's current location on lion street will be january 2nd. it does as you may imagine take a lot of time to relocate so many exhibits so it'll not reopen in its new home until april 17th. >>> and it's already a happy holiday season for the oakland zoo, a donor gave them a million dollars. there are no restrictions on it. zoo executives call it is greatist gift they have ever received. it's especially welcome after last month's election when voters rejected a parcel tax to help
the cia, pentagon and senators have all been critical of scene that show hard interrogation techniques of suspected terrorists. they say information gained by torture did not lead to the capture and killing of bin laden. >> it's official now. mickey mouse is darth vader's boss. the deal is done. disney paid $4 billion in cash and stocks for the production company. sky walker sound, special effects company, industrial light and magic as well as video game maker lucas arts. >> anyone...